. >> the perspective is, basl three is saying that banks should carry adequate capital to say that if something goes wrong, you remain solvent and you need to make sure that when a shock hits it's not too big. we going on with dodd frank the basl 3 accord is a formal useful device for ensuring written reduced risk. >> fair enough. now, everybody knows that what happened between t.a.r.p. 1 and t.a.r.p. 2 and eventually it was passed. thankfully. and the system was saved. and banks are now back to where they were before the crisis. recovery is durable. during the housing market is absolutely critical and the health of the housing market, to the degree to which it has delevered. was it a mistake in 2008-2009 not to have a t.a.r.p. equivalent, some kind of really massive bazooka for main street, the kind of bazooka that was there for wall street, for the u.s. housing market? i want to sort of go one, two, three. please just sort of plea pitch in, whoever wants to pitch in first. was it a mistake to have a big policy to address the housing market in '08-'09? >> yes. we've been edging towar

the the troika and other bankers from picking it off and killing its sovereignty and starting to go basle state the only thing that'll save iceland if it really wants to remain free even a planet has to go to war with them mark. declare war on them are then immediately all the arms dealers in the world would start writing the checks and they would be off and running and they'd been independent sovereign nation but if you don't declare war on somebody then you're just live and you know you don't live in the big ass an emo alright safe harbor thankful to be on cause report all right don't go away stay right there much more coming your way. nice guys are welcome back in the cars reports on how to go to dublin to speak with mark o'byrne from goldcorp hello mark welcome back to the kinds report i saw it on a gun nuts all right mark people germany and switzerland want to repatriate their gold from new york is this game on for the global currency wars and will germany and switzerland get the gold back if they ask nicely for it yeah it is a mark of the global currency wars the soaping we've been